I am almost done with customizing my VL Light, but a final touch would be a transparent terminal. I currently use xterm, but from what I know, it can't handle transparency (I have transparency set for it but only the title-bar is transparent).

So I need a terminal that has transparency. I read about aterm, but I think it's more than just a terminal, I just need a light fast terminal with transparency and being able to change text color/prompt, nothing heavier because I have only 128MB RAM.